What HUD offices serve Pendleton, Indiana?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Pendleton.
How many renters live in Pendleton, Indiana?
The City of Pendleton has 4,937 people living in 2,080 households.
There are 1,554 renters living in 677 renter households in this City. Renters make up 31.48 percent of the population living in Pendleton.
What is the rental market like in Pendleton, Indiana?
There are an estimated 2,268 housing units in the Pendleton area. Of these, 748 units are rental homes, making up 33 percent of the housing market. For every renter household in Pendleton, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Pendleton?
The rental vacancy rate in Pendleton is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Pendleton for each bedroom size?
Occupied Rental Units by Size in Pendleton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 91 | 373 | 170 | 36 |
Occupied Rental Units by Size in Pendleton
A large number of apartments in Pendleton have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Pendleton are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 18 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Pendleton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,518. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $793 |
| One BR | $868 |
| Two BR | $1,140 |
| Three BR | $1,468 |
| Four BR | $1,518 |
2024 Fair Market Rents in Pendleton, Indiana
How many units are rented at Fair Market Rent (FMR) in Pendleton?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 51 | 56 percent |
| Two BR | 217 | 58 percent |
Rental Units Below FMR in Pendleton, Indiana
How many affordable rental units are in Pendleton?
There are a variety of federal affordable housing programs serving households in Pendleton, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 129 |
Tracked Units by Federal Program in Pendleton, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Pendleton, Indiana
Pendleton features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Pendleton, Indiana
There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pendleton.
Housing Choice Vouchers in Pendleton, Indiana
On average, Section 8 Housing Choice vouchers pay Pendleton landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Pendleton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pendleton, Indiana for a two-bedroom apartment is between $1,026 and $1,254.
Sourced from federal housing data and AffordableHousingOnline.com research.
